HR5778Reported by Committee

Improving SBA Engagement on Employee Ownership Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-10-17
Introduced
5
Cosponsors
HR
ⓘ
Type

Sponsor

LaMonica McIver
LaMonica McIver
Democrat · NJ · Representative
Votes with party: 98.2% (558 recorded votes)

Full profile: /officials/M001229

Source: Congress.gov · FEC

Cosponsors (5)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Placed on the Union Calendar, Calendar No. 358.

2025-12-17

Source: Congress.gov

Committee Activity

Currently in

Previously

Plain-English Summary

The Small Business Administration would be required to increase its efforts to promote and support employee ownership models, where workers have a stake in owning the companies they work for. This would involve the SBA providing more resources, training, and guidance to help small business owners transition to employee-owned structures and to help employees understand and participate in ownership opportunities. The goal is to make employee ownership more common and accessible as a business model for American workers and entrepreneurs.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Commerce
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Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.